Why would you have a limited company and a holding company where the "holding company" is the operating business. It is always the other way round, thats why it called a holding company!
Historically the FL have just changed any rules in a completely reactive manner having been caught out;
eg Incester going into admin with no pain and getting promoted, introduced the 10 point penalty after that.
eg Boston trying to go into admin 20 mins before the end of the season to take 10...
If we are still in admin at the start of this season = further 10 points deduction, but if we are still in admin beginning of next season I am pretty sure we get thrown out of the Football League.
We have been here before (2007) and to have SISU running (sorry should say ruining) the club is no saviour it is just a slower and more painful death. SISU will have no choice if new owners purchase Ltd and are given the golden share / the go ahead to play in League 1 as SISU would be starved of...
Surely because Ltd went into administration the lease would be null and void as there is a clause in most contracts stating that insolvency cancels the contract.
Bound to happen, right Mr Creditors can we have a show of hands of who wants to accept the CVA, so you 3 from SISU say no, what a surprise! So the remaining vote from ACL, oh why bother lets go home.
That will include everyone who has a season ticket or bought tickets on line or anything online from the club shop. Must be around 255 out of 8 to 10 thousand.
The scariest thing to me was not the last words but in the middle where he said;
1. Even SISU had successes over the past 12-18 months..................... that must have been in a parallel universe cos I didn't see any successes
2. Good people who have come in from Charlton...